Australia's APM Human Services tanks on weak forecast

APM Human Services International

10/11/2023 03:57

** Shares of APM Human Services  APM.AX  fall 22.3% to
A$1.725, records biggest intraday pct fall ever
    ** Stock posts its lowest level since Aug. 23
    ** Co says it expects H1 FY24 earnings to be lower vs last
year on continued record low unemployment in Australia and the
UK
    ** We have no major contracts due for renewal in FY24 or
FY25 - APM
    ** Nearly 6.5 mln shares change hands as of 0347 GMT, vs
30-day average volume of 1.1 mln shares
    ** Stock last down ~16.4%, extending YTD loss to ~22.1%

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com;))